Prime Colorado Springs Investment
3204-3208 E Platte Ave Colorado Springs, CO
3204-3208 E Platte Ave, Colorado Springs, CO, 00000
Contact for pricing
For Sale
Contact for pricing
Fully leased retail property with long-term tenant on major thoroughfare.
Property Size45,828 SF
Lot Size5.60 Acres
Price / SF$180.89
Days on Market663
Property Features for 3204-3208 E Platte Ave
General Information
- Standard status
- Active
- Size
- 45,828 SF
- Lot size
- 5.60 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Unique Properties, Inc.
(303) 521-3648
Listed by
Greg Knott · License #FA.001312096
(303) 521-3648
Source
Moodyscre
Added: Sep 25, 2024 Checked: Jul 19 at 4:30 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Unique Properties, Inc.
Investment Insights
Based on property information with market context.
The property at 3204-3208 E Platte Ave in Colorado Springs offers an investment opportunity in the South Central region. Situated in an Opportunity Zone, the property may provide tax advantages to investors. The property is fully leased to a single tenant and positioned on E Platte Ave, a major thoroughfare with a daily vehicle count exceeding 42,800. The tenant is a large RV retail company with 100 full-service dealerships and over 1,000 service bays nationwide. The property caters to the tenant’s needs, offering a blend of retail and service space. The lease extends through November 30, 2029, and generates market rental income. The property size is 45828 square feet.
Key Highlights
- Long‑term lease in place through November 30, 2029, providing stable income.
- Located in an Opportunity Zone, offering potential tax advantages for investors.
- Fully leased to a large and rapidly growing national RV retail company.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $824.9k | $18.00 |
| − Vacancy | −$37.1k | −$0.81 |
| EGI | $787.8k | $17.19 |
| − OpEx | −$236.3k | −$5.16 |
| NOI | $551.4k | $12.03 |
45,828 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.88M
$6.89M – $9.19M
NOI $551,448 @ 7.0% cap · market cap 6.65%
Second Best
Industrial
$5.94M
$5.20M – $6.93M
NOI $415,859 @ 7.0% cap · market cap 5.02%
Theoretical Best
Specialty Retail
$9.05M
$7.92M – $10.56M
NOI $633,526 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar For Sale Nearby
Similar Off Market Nearby
- ABC limo — 7 US-24, Colorado Springs, CO 80916
- United Rentals — 6050 Terminal Ave, Colorado Springs, CO 80915
- United Rentals - Trench Safety — 955 Valley St, Colorado Springs, CO 80915
- U-Haul Neighborhood Dealer — 6035 Galley Rd, Colorado Springs, CO 80915
FAQs
What type of property is this?
Parking lot & garage - Fully leased retail property with long-term tenant on major thoroughfare.
Where is this parking lot & garage located?
The property is located at 3204-3208 E Platte Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $8,290,000.
What are key features of this property?
This property features: Long‑term lease in place through November 30, 2029, providing stable income.; Located in an Opportunity Zone, offering potential tax advantages for investors.; Fully leased to a large and rapidly growing national RV retail company.
